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Tro... first of all I want to thank you, for all your hard work and willingness to share it..
I am trying to figure odds.. but shouldn't the sum of all the parts equal the total? For example, if you are counting 960 candles on the bar stats chart, shouldn't all the red and green candles counted add up to 960? when I count all the candles and how often they appear it falls way short of the 960 sum you are using.. what am not seeing here?
It would be nice to use the chart..do some simple math..and then say ok..the odds of the next candle being red is 5 to 1 in my favor.. am I trying to make things too complicated? thanks...Julie

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marypipins wrote:Tro... first of all I want to thank you, for all your hard work and willingness to share it..I am trying to figure odds.. but shouldn't the sum of all the parts equal the total? For example, if you are counting 960 candles on the bar stats chart, shouldn't all the red and green candles counted add up to 960? when I count all the candles and how often they appear it falls way short of the 960 sum you are using.. what am not seeing here?It would be nice to use the chart..do some simple math..and then say ok..the odds of the next candle being red is 5 to 1 in my favor.. am I trying to make things too complicated? thanks...Julie

First, those are STATISTICS and not PROBABILITIES!!

DO NOT CONFUSE THE TWO.

Statistics deal with the past and probabilities deal with the future.

No, they should NOT add up in the way you are thinking. But they do add up.

If there were 5 bars, 3 green in a row, followed by 2 red. I would show 1 and 1.

1 + 1 = 2. But that's not what the 1s represent.

( 1 * 3 ) + ( 1 * 2 ) = 3 + 2 = 5!!

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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marypipins wrote:Tro... first of all I want to thank you, for all your hard work and willingness to share it..I am trying to figure odds.. but shouldn't the sum of all the parts equal the total? For example, if you are counting 960 candles on the bar stats chart, shouldn't all the red and green candles counted add up to 960? when I count all the candles and how often they appear it falls way short of the 960 sum you are using.. what am not seeing here?It would be nice to use the chart..do some simple math..and then say ok..the odds of the next candle being red is 5 to 1 in my favor.. am I trying to make things too complicated? thanks...Julie

First, those are STATISTICS and not PROBABILITIES!!

DO NOT CONFUSE THE TWO.

Statistics deal with the past and probabilities deal with the future.

No, they should NOT add up in the way you are thinking. But they do add up.

If there were 5 bars, 3 green in a row, followed by 2 red. I would show 1 and 1.

1 + 1 = 2. But that's not what the 1s represent.

( 1 * 3 ) + ( 1 * 2 ) = 3 + 2 = 5!!

Yep.....your absolutely right... I did the math and it does work out that way.. geez...sorry to have missed the blooming obvious. Julie